Oshkosh Corporation (OSK)

Return on total capital

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	1,074,300	1,059,300	1,048,600	981,000	852,100	783,700	630,000	454,500	353,000	219,100	213,700	349,000	464,200	546,100	582,400	498,500	483,400	498,400	565,300	704,200
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	4,152,100	4,102,000	3,924,900	3,826,000	3,705,300	3,543,300	3,396,800	3,247,200	3,185,700	2,891,300	2,877,000	2,968,000	3,076,400	3,247,800	3,228,700	3,018,200	2,932,600	2,850,700	2,768,900	2,689,000
Return on total capital		25.87%	25.82%	26.72%	25.64%	23.00%	22.12%	18.55%	14.00%	11.08%	7.58%	7.43%	11.76%	15.09%	16.81%	18.04%	16.52%	16.48%	17.48%	20.42%	26.19%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,074,300K ÷ ($—K + $4,152,100K)
= 25.87%

Oshkosh Corporation's return on total capital has shown fluctuations over the period under consideration. The trend indicates a decline in return on total capital from March 31, 2022, to June 30, 2022, reaching a low of 7.43%. However, there was a subsequent increase in the metric, with the return on total capital improving to 25.87% by December 31, 2024.

The data suggests that Oshkosh Corporation's ability to generate returns from its total capital varied during the period, reflecting changes in the company's efficiency and profitability. Overall, the return on total capital demonstrates volatility but ends on a positive note with an upward trajectory in the later quarters of the reported period.